Sallie Mae Master of Business Administration Loan review

Sallie Mae MBA Loan review

Going to a good business school will always be academically and financially challenging. One option to deal with these costs is the Sallie Mae MBA loan, which covers your expenses, has a 6-month grace period and several ways to repay.

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General

APR:	5.25%
Interest:	5.25%

Loan commissions

Study commission:	$ 0
Opening commission:	$ 0
Commission for advance payment:	$ 0

Loan limits

Minimum amount:	$ 1,000
Maximum amount:	Consult
Minimum of months:	12
Maximum of months:	Consult

MBA Loan Info

Students legally residing in the USA and attending an online/offline degree-granting academic institution can apply for the Sallie Mae MBA (Master of Business Administration) loan.

You will need a valid photo ID and a co-signer with citizenship/permanent residency (for non-citizens or permanent residents).

This MBA Loan has 3 forms of repayment: deferred, fixed rate and interest-only. This is complemented by 2 provisions that give you greater flexibility to honor your commitment:

Scholarship, internship or residency deferment. You must submit it for consideration. If you are approved, the credit terms will be the same as when you were in school and will last for 12 months. You can do this up to a maximum of 5 times (48 months) and the unpaid interest will be added to the principal and at the end of each deferment.
Interest-only after the grace period. You can request the 12-month GPR (Graduated Payment Period) if your financing is current. You have 6 billing cycles before or 12 cycles after you begin repaying principal and interest to request it. While this does not extend the term, it does increase your final costs.

You can also get a rate discount of 0.25% by joining auto debit with this bank and release your confirmer after you graduate and under certain conditions.

The MBA loan gives you advantages and works like most other loans offered by Sallie Mae, such as the Graduate School LoanLoan or the Dental School LoanLoan for dental students.

Español: Préstamo Máster Administración Empresas de Sallie Mae

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MBA Loan